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April 11, 2012
Publication - Bankruptcy, Insolvency & Restructuring, Business
Bankruptcy Court for the District of Delaware Denies Cramdown of Liquidating Plan Because Approving Classes Were "Artificially Impaired" - Bankruptcy, Insolvency & Restructuring Alert! - When a debtor is unable to obtain acceptance of its chapter 11 plan of reorganization or liquidation by all impaired creditor classes, it may attempt to “cramdown” the plan upon certain rejecting classes.1 One of the requirements in
order to obtain confirmation of a plan through a cramdown is that at least one class of impaired claims must approve the plan, determined without including the votes of insider creditors.
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April 10, 2012
News - Tax
Dan Schulder Elected Fellow of the American College of Tax Counsel
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April 09, 2012
Publication
Federal court class actions have been around for over 50 years. As they grew in importance in the 1960s and 1970s, it was a bit like the tale of Frankenstein. Had the class action rule created an improved tool allowing small claimants a fair day in court against large, deep-pocketed corporations? Or had the class action become something greater than intended — something that turned the risks and costs of litigation so much against corporate defendants that the class action had merely substituted one form of unfairness for another?
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April 09, 2012
Publication - Insurance Coverage - Insurance
Reinsurer and Third Party Claims Administrators Not Proper Defendants in Asbestos Coverage Action - Global Insurance Alert! - On February 29, 2012, Judge Rita Novak, of the Circuit Court of Cook County, Ill., issued a ruling of major significance granting the Motion to Dismiss filed by Cozen O’Connor on behalf of its clients and holding that a policyholder could
not hold a reinsurer or third-party claims administrators liable for allegedly assuming the direct insurer’s insuring obligations or tortious interference.
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April 09, 2012
Publication
Federal court class actions have been around for over 50 years. As they grew in importance in the 1960s and 1970s, it was a bit like the tale of Frankenstein. Had the class action rule created an improved tool allowing small claimants a fair day in court...?
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April 05, 2012
News
Aaron Krauss Guest Blogs for The Food Recall Monitor
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April 03, 2012
Publication - Subrogation & Recovery - Insurance
Evaluating Subrogation Claims Arising from the Lower North Fork Wildfire in Jefferson County, Colorado - Subrogation and Recovery Alert! - On Monday, March 19, 2012, the Colorado State Forest Service initiated a controlled burn on property owned by the Denver Water Board located in Jefferson County, Colo. This 50 acre prescribed burn was part of an ongoing fuel management program in the Lower North Fork area as part of a service agreement between the Colorado State Forest Service and the Denver Water Board.
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April 01, 2012
Publication - Condominiums & Cooperatives, Real Estate
Leni Morrison Cummins, a member in the firm's Real Estate Group, answers a Q&A from a reader about who pays for a water leak in a residence.
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April 01, 2012
Publication - Business, Public & Project Finance
It’s the Issuer’s Prerogative MSRB Proposes Rule Amendments for Retail Order Periods for Bond Offerings - Government Finance Officers Association of Pennsylvania Newsletter - For various types of municipal bonds or notes that are publicly offered, the marketing process may often involve a retail order period that is for a day or so prior to pricing the bonds with institutional investors. Retail order periods are meant to gain access to individual investors who typically purchase bonds in smaller lots than institutional investors. A significant percentage of municipal securities is held by individual...
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April 01, 2012
Publication
Thousands of current and future Marcellus Shale natural gas extraction wells are located near Pennsylvania’s 250,000- plus abandoned coal mines, many of which discharge acid mine drainage into local streams and rivers. Acid mine drainage, which leaches
heavy metals from surrounding rocks and kills aquatic life, is the biggest single
cause of stream impairment in Pennsylvania. It has rendered unusable more than
5,500 miles of streams, contaminated untold numbers of household water wells
and left Pennsylvania’s citizens with a toxic legacy projected to cost billions of
dollars. While Pennsylvania historically spends about $19 million annually on
abandoned mine reclamation, this modest effort is dwarfed by the sheer magnitude
of the problem. For the first time in five generations there is a real opportunity to
address this intractable issue by aligning the interests of the state and environmentalists
with Marcellus Shale drillers if legislators will only seize it.
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March 29, 2012
News - Health Care & Life Sciences - Health Care & Life Sciences
Mark Gallant and Iden Martyn were featured in Bloomberg BNA's Health Care Daily Report article entitled ''Medicare: Court Finds Notice of Deadline Inadequate, Orders Payment of Medical Education Claims.''
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March 28, 2012
Publication - Business
Nondebtor Parent's Revocation of S Corporate Election Held To Be Void - Delaware Business Court Insider -
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March 27, 2012
Press Release - Family Law
Jennifer Brandt Discusses Christy Brinkley's Divorce on "Today"
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March 26, 2012
Publication - Insurance Coverage - Insurance
Indiana Supreme Court Again Finds the Pollution Exclusion Ambiguous, But Indicates a Possible Way Forward - Global Insurance Alert! - Enforcing the pollution exclusion clause in a commercial general liability policy continues to be problematic for insurers in the state of Indiana. On March 20, 2012, the Indiana Supreme Court once again held that the absolute pollution exclusion is unenforceable because of the term "pollutant" is ambiguous.
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March 22, 2012
News
Ken Fisher's program "CityWide" featured in New York Daily News
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March 21, 2012
Publication - White Collar Defense & Investigations
On March 15, a panel of the 2nd U.S. Circuit Court of Appeals granted a stay of the district court litigation brought by the Securities and Exchange Commission against Citigroup Global Markets Inc.
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March 20, 2012
Publication - White Collar Defense & Investigations
Justices Set to Revisit Affirmative Action for Universities - The Legal Intelligencer -
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March 20, 2012
News - Intellectual Property
David Sunshine quoted in Reuters
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March 19, 2012
Publication
More than 10 years ago, at a time when much uncertainty surrounded issues related to electronic documents, the New York State Bar Association Committee on Professional Ethics issued one of the first opinions addressing a lawyer’s ethical obligations concerning metadata.
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March 16, 2012
News
The Legal Intelligencer Highlights Cozen O'Connor's Strong Financial Showing in 2011
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